Stokes Capital Advisors LLC Has $8.05 Million Position in The Home Depot, Inc. (NYSE:HD)

Stokes Capital Advisors LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,858 shares of the home improvement retailer’s stock after acquiring an additional 30 shares during the quarter. Home Depot accounts for 2.1% of Stokes Capital Advisors LLC’s portfolio, making the stock its 18th largest position. Stokes Capital Advisors LLC’s holdings in Home Depot were worth $8,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of HD. Fairway Wealth LLC bought a new stake in shares of Home Depot during the second quarter worth $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot during the second quarter worth $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Home Depot during the first quarter worth $38,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot during the fourth quarter worth $39,000. Finally, Denver PWM LLC bought a new stake in shares of Home Depot during the second quarter worth $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE HD traded down $0.13 on Monday, reaching $408.23. The stock had a trading volume of 3,266,940 shares, compared to its average volume of 3,391,950. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The firm has a fifty day moving average of $373.28 and a two-hundred day moving average of $356.04. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $412.97. The company has a market cap of $404.81 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.65 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HD. Piper Sandler raised their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Truist Financial reduced their target price on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Oppenheimer raised their target price on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Finally, Guggenheim raised their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $398.54.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.